Canadian Underwriter

Keyword
Driverless cars

News Legislation / Regulation

Truly driverless cars now allowed in California

October 31, 2018 Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO  – The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies. The regulatory approval

News Markets / CoveragesTechnology

Driverless cars and the irony of solving Ontario’s auto problem

January 17, 2018 by Greg Meckbach

As driverless cars become more popular, and as the focus of insurers gradually shifts from insuring vehicle owners to providing product liability for the manufacturers of autonomous vehicles, the Ontario government’s auto insurance reforms may finally be yielding some better

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Technological change and cyber risk overtake regulation as top risks for global insurers: study

May 31, 2017 by Canadian Underwriter

The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of

Feature Mergers and AqcuisitionsProductsTechnology

Turn Signal

May 1, 2017 Angela Stelmakowich, Editor

Technology is driving change in the vehicle manufacturing sector, prompting property and casualty insurers to consider how best to protect an already-pressured auto book. Will partnering with vehicle makers offer an opportunity to share the driver’s seat as highly automated and then autonomous vehicles take hold? Or will changing use patterns and battles over data relegate insurers to thumbing a ride?

News InsuranceTechnology

Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey

April 24, 2017 by Angela Stelmakowich

PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in

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Driverless cars to “revolutionize” motor insurance as liability shifts towards manufacturers: Fitch

March 8, 2017 by Canadian Underwriter

Widespread adoption of autonomous vehicles will completely transform the motor insurance sector in the long-term as liability shifts towards manufacturers and the traditional risk pool shrinks, Fitch Ratings said in a new report on Wednesday. Simply put, insurers will be

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Connected things to reach “tipping point very shortly,” Insurance-Canada Broker Forum speaker suggests

March 2, 2017 Jason Contant, Online Editor

There will be a “tipping point very shortly” involving connected things, a speaker suggested on Wednesday at the Insurance-Canada.ca Broker Forum. Ryan Spinner, head of innovation with Aviva Canada, was speaking during a panel discussion titled Distribution in the InsurTech

News InsuranceLegalTechnology

Hacking of driverless cars a concern for mining industry: Deloitte

February 10, 2017 by Canadian Underwriter

The exploration plans of Canadian mining firms are among the “prime” targets for hackers, while autonomous vehicles used by miners could be influenced by computer viruses, Deloitte Touche Tohmatsu Ltd. warned in a recent report. “Malicious viruses, like Stuxnet, explicitly

News InsuranceProfessional DevelopmentTechnology

IBAO, Insurance Institute of Ontario hosting live webcast on driverless cars

February 7, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) and the Insurance Institute of Ontario announced on Tuesday that they will be hosting a live webcast on the insurance implications of automated vehicles on Feb. 16. The webcast, which will run from

News InsuranceMergers and AqcuisitionsTechnology

26% of Canadians looking forward to driverless cars, many neutral, new Kanetix survey finds

January 4, 2017 by Canadian Underwriter

Slightly more than one in four (26% of) Canadians said they “couldn’t wait” for the day when driverless cars would become a reality, according to newly released survey results from Kanetix.ca, an online comparison site for insurance, mortgages and credit

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Adaptation key for insurance industry to remain relevant in a driverless world: LexisNexis

August 30, 2016 by Canadian Underwriter

The insurance industry will face some real challenges as driverless cars further develop, with just 26% of polled individuals in the United Kingdom expecting to be served by the industry as it stands today if they owned a driverless car.

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Drivers still liable in accidents, even in near driverless cars, says Canadian law firm Borden Ladner Gervais

August 2, 2016 Terry Pedwell - THE CANADIAN PRESS

OTTAWA – Until Canadians own cars that truly drive themselves, they can forget getting off the legal hook if they’re in an accident with a vehicle that still has a steering wheel, suggests a report from Canada’s biggest law firm.